* Near 300 point drop in the Dow * NASDAQ down 118 * S&P down 30 points * $1.50 gain in oil and oil stocks up * No significant economic news that would trigger this move * Dollar was not down much lower on day * The 110 level is holding back the euro * Expectations that the euro will roll over on higher U.S. interest rates kept the dollar up * A weak stock market is bad for the dollar and good for gold because the Fed is likely to not raise interest rates or launch QE4 * The only way the Fed can prevent a correction from turning into a bear market is by launching QE4 * The Fed has built this "recovery" on asset bubbles * Launching QE3 guarantees QE4 * The only thing that will stop perpetual stimulus is a currency crisis * Durable Goods Orders were estimated at .7% gain * Actual number came in at a 1.4% decline * Five consecutive monthly declines in Durable Goods X Transportation * The last time that happened was during the months surrounding the 2008 financial crisis * The U.S. economy today is the weakest it has been since the depth of the 2008 financial crisis * The final revisions to Q4 GDP due on Friday are estimated to go down * There's a good chance the number will be lower than 2% * Pundits are making excuses, saying that the "First quarter s always weak" or "It's the weather" * They don't want to come to terms with realityPrivacy & Opt-Out: https://redcircle.com/privacy

* Bad economic news coming in is more a deluge than a trickle * Dollar continuing to drift lower since "patience" was removed * New Zealand Dollar record high against the euro and the Australian dollar * New Zealand enjoys a strong currency, economic growth, low inflation and low unemployment * Swiss franc had a strong day today * Chicago Fed National Activity Index revised down to -.11 * Three consecutive months of declining numbers * Deteriorating numbers reflect pattern similar to pre-QE3 months * Existing home sales number below estimates * February new home sales up, however * Richmond Fed Manufacturing Index -8, twice as low as most negative forecast. declining 4 times in 5 months * CPI came in at .2%, exactly as expected; core up to 1.7 * Price of ground beef up 19.2%, at a record high * The jobs numbers are a lagging indicator * We are likely to see a jobs number downturn based on less optimistic assumptions * Weaker jobs number will keep rates low * The only thing that might drive rates higher is inflation, but goal of "medium term" is vague * Weaker economy and higher inflation will cause dollar to drop * When inflation is the only focus, it will be obvious that the Fed cannot raise rates, driving dollar down * A currency crisis will finally force the Fed to raise ratesPrivacy & Opt-Out: https://redcircle.com/privacy

* The Fed removed the word "patience" from their statement while promising patience * We are likely to see weaker employment numbers, further delaying talk of rate hikes * Pundits who failed to foresee the 2008 crisis are now saying the "problem is solved" because they do not understand the problem * The problem is worse now than ever * The Fed caused the 2008 crisis and they are in the process of creating the next, much larger crisis * I have been critical of QE 1,2 and 3 and low interest rates because they only mask the problem * "Failure of Capitalism" comments are actually criticizing our socialist economic policy * The same applies to the Fed, as they are price-fixing the market * Faulty logic assumes that low inflation is the reason for the weak economy * Low inflation, which is not as low as reported, is a silver lining in the economy right now * The rich are making money on inflation because they are leveraged and speculating * Inflation undermines the middle class, business and job creation * Who will be blamed when the consequences of the Fed's policy finally result in crisis? * Free market capitalism is the solutionPrivacy & Opt-Out: https://redcircle.com/privacy

* The Fed released long-awaited FOMC official statement * Indicating they will be more patient without the word "patient" than when they were officially patient * Why take the word away in the first place? * The Fed wants to appear to be moving closer to a destination to which it has no intention of arriving * The Fed is clearly more concerned about the economy today; they reduced growth estimates * Janet Yellen said she will not raise rates until she sees improvement in the labor market * The Fed not satisfied with 5-1/2% unemployment * The jobs number is the outlier and will turn around * Housing starts collapsed in February; biggest in 8 years * Economic Surprise Index is most negative in memory * It doesn't matter what the unemployment rate is; the Fed can't raise rates without creating a financial crisis worse than 2008 * The minute the Fed went down the path of QE, they sealed our fate * There is now so much debt that we need QE more than ever * The dollar had a huge rise in anticipation of rate hikes * The Fed is more likely to launch QE4 than to raise interest rates * The Fed is not going to raise interest rates until there is a currency crisis * When the dollar turns, commodity prices will surge in all currencies * The fact that the day of reckoning has been delayed with increased debt means a bigger payday for Euro Pacific Capital investment strategy * It will be better to restructure and default on some of our debt that to deflate it away * Understand the end game, ride it out and have the last laughPrivacy & Opt-Out: https://redcircle.com/privacy

* The Foreign exchange markets continue to ignore the darkening U.S. economic picture * Dollar had best two-week gain since the financial crisis of 2008 * Market exuberance based solely on the jobs report which is an outlier among all other negative news * Why aren't the jobs numbers being questioned? * We have had three consecutive months of declining retail sales * Falling prices are reflecting a lack of demand * The stock market has begun to decline, bracing for Fed rate hikes * Gold held steady against the dollar; up against other currencies * Inventory to sales ratio lowest since 2008 * This week the Atlanta Fed reduced Q1 GDP down to .6% * The second revision for Q4 could be below 2% * Poor GDP numbers already being blamed on the weather * Europe looked to US QE as a success because inflation was masked * The European market is already issuing negative bonds in anticipation of ECB purchase (QE) * The Germans are going to push back when they see inflation * At lease Europe will be able to withstand higher rates because of smaller debt and trade deficit * U.S. won't be able to tolerate the consequences of rate hikes which would ultEimately heal the economy * Therefore inevitable QE4 will be even larger than QE 1,2 & 3 combinedPrivacy & Opt-Out: https://redcircle.com/privacy

* The NASDAQ 5,000 party ended nearly the day it began * NASDAQ down more than 80 points * Dow Jones down 332 points * Outside reversal week a reliable pattern signaling a downturn * The market believes optimistic non-farm payrolls will trigger Fed rate hike * Dollar hitting new highs * Janet Yellen is the victim of too much success, allowing for rate hike assumptions * All data other than jobs numbers are weak * If we continue along this path, we are heading toward recession * Stock market and real estate bear markets will trigger QE4 * Stock market will drop dramatically if rate hike notion is not dispelled * Obama Administration floating trial balloon on student loan debt discharge for bankruptcy * This moral hazard would force education prices even higherPrivacy & Opt-Out: https://redcircle.com/privacy

* February Non-Farm Payrolls Number - 295,000 jobs * Unemployment down 5.5% * Analysts were expecting a miss * Dollar at a new high * Productivity dropped 2.2% * Factory orders fell for the 6th consecutive month * Economic data points only seen during recessions * The Dow closed down - NASDAQ down more * Labor force participation rate is down * Average hourly earnings flat * Number of people not in the labor force at an all-time high * Increase in jobs represents people working more than one jobs * 45% of the 295,000 jobs are assumed to have been created by optimistic government statisticians * Disconnect between the weak GDP and the jobs numbers * Consumer credit declined, indicating the consumer is struggling * It's a good time to take advantage of the strong dollar and invest abroadPrivacy & Opt-Out: https://redcircle.com/privacy

* Poland became the 21st country to lower interest rates this year * New record low to 1.5% * Polish economy is strongest in three years * Growing faster than the U.S. economy * Policy conundrum: what is inflation target? * Low inflation stimulating Polish economy * Yet Central Bankers look to illogical Keynesian textbooks * Where is the evidence that deflation is undermining the economy? * There is no magical point where a good thing becomes a bad thing * If they overcompensate and weaken the economy, they will be raising interest rates on an already weak economy * Poland could afford to raise rates, however, if this policy fails, because their debt is low * U.S. debt is so high, we can't afford to raise rates in order to support the dollar * When inflation picks up in the world and other central banks raise rates, the dollar will decline * The Fed will be unable to curb inflation because we can't afford to service our debt * Ultimately this will precipitate a currency crisis when it becomes apparent that the Fed has run out of optionsPrivacy & Opt-Out: https://redcircle.com/privacy

* First trading day of march - NASDAQ closed above 5000 for the first time in 15 years * Each time the market goes up with crazy valuations, pundits say, "This time it's different." * This time the Fed is under more pressure to create the illusion of prosperity * Today's rally came against the backdrop of weak economic data * The only way this bubble won't burst is if the Fed intervenes with more stimulus * Bubbles force you to make an important decision: * Look like a fool before they pop, or look like a fool after they pop * It doesn't matter how much money you make, it's how much money you keepPrivacy & Opt-Out: https://redcircle.com/privacy

* Government released revised estimate for Q4 GDP * Initial estimate was 2.6; revised down to 2.2 * Economic growth dipped from 5% in Q3 to 2.18% in Q4 * PMI was expecting 58.7 but plunged to 45.8, indicating contraction * Alan Greenspan commented that the U.S. economy is weak * Greenspan cites declining U.S. productivity * Points to declining gross domestic savings brought on by entitlement programs * Greenspan refuses to blame Fed policy for productivity and savings declines * He predicts continued low interests rates to create the illusion of wealth * In 1966, Alan Greenspan blamed the Fed and their cheap money policies for stock market bubble and economic imbalances * Today, he still believes this to be true, but no longer cares about the consequences of reckless economic policy * The Fed's job now is to just do whatever it takes to postpone the pain * Inflating bubbles with the certain knowledge that the outcome will be bad, while pretending that they will eventually raise ratesPrivacy & Opt-Out: https://redcircle.com/privacy

* Janet Yellen's prepared remarks were the most dovish yet * If economy is improving, why do we still need "a high degree of accommodation?" * There is still room for "substantial improvement in the labor market" * Any modification of guidance will not necessarily indicate rate increase * Yellen states lower energy prices is positive for the economy, yet looks for higher inflation * The Fed says outlook is data dependent and the data is getting worsePrivacy & Opt-Out: https://redcircle.com/privacy

* Patricia Arquette claims that there is a still an unfair gender wage gap in the labor market * If that were true, all employers - male and female - would hire women first, because they are more cost effective employees * But they don't * Women who choose to balance family with career often accept lower-paying positions * Women do not make less money for the same work * They make less money for different work * In Hollywood, youth is an asset for women - for men, not as much. * Male action movie stars can earn more because action movies earn more. * Liberal spin promotes a government "solution" for a free market system that is workingPrivacy & Opt-Out: https://redcircle.com/privacy

* Two days of bad economic news this shortened week * The Fed still says the economy is recovering * Recent FOMC minutes maintains pretense they can raise interest rates * FOMC members are worried about raising rates "too soon" * The Fed is worried about how to remove the word "patient" from communications * How confident can the Fed be in the "recovery" if they still fear raising interest rates? * The "recovery" was just a bubble masquerading as a recovery * If we had a real recovery the Fed could have already raised rates * They are now concerned about weakness overseas * They are worried about a strong dollar * They expressed concerns about the risks of lower oil prices * Low inflation causes concerns * The Fed is clearly paying attention to the negative economic news * Empire State Manufacturing down * Home Builder Confidence at 4-month low * Industrial production weak * PPI number declined .8 * Eventually the economic numbers will force the Fed to acknowledge weakness and resume stimulusPrivacy & Opt-Out: https://redcircle.com/privacy

* Friday 13th was not unlucky for Wall Street * S&P 500 traded to an all-time record high * The Dow closed above 18,000 * NASDAQ at almost a 15-year high * Despite overall trend of weak corporate earnings * Weak economic data does not dampen Wall Street's spirits * Central Banks are behind the surge with excess liquidity * Wednesday - Mortgage Applications plunged 9% * Purchases declined 7% following a 2% decline prior week * 10% decline in Mortgage Refinances * Jobless claims up 25,000 from prior week * Biggest back-to-back decline in Retail Sales since October of 2009 * Consumer Confidence is down 2 weeks in a row * Business Inventories rose by just .1% contrary to expectations * Inventory to sales ratio highest since July 2009 * Huge drop in Consumer Sentiment * Jobs number is a lagging indicator * Part-time economy is a double-edged swordPrivacy & Opt-Out: https://redcircle.com/privacy

* China announces a record trade surplus * Media reports surplus as bad news for China * Because of the strength of the Yuan, Chinese can buy more imports for less * Chinese consumers purchasing more * Chinese businesses manufacturing more * Contrary to press reports these factors point to a strong economy in China * U.S. has record deficits along with a strong dollar * The short term effect of a strong currency is that trade deficits should go down because imports are cheaper * The fact that our trade deficit continues to rise illustrates underlying economic weakness * Media double standard: China trade surplus is bad but U.S. trade deficit is good * Media reports "low rate of unemployment" among college grads, however: * Record number of college graduates are under employed * Only 44% of employed Americans work 30 hours or more per week * In future, the smarter students will skip low-value degrees in favor of work experience * Shake Shack IPO valuation $1.5 billion on $5 million profits * Grilled Cheese Truck: valued at $100 million on negative revenues * Black is white and white is black: Twilight ZonePrivacy & Opt-Out: https://redcircle.com/privacy

* Monthly non-farm employment number beat expectations * Upward revisions to prior months * Average hourly earnings number jumped by .5 * Immediate reaction in the market was swift * Dollar up; gold down * Unemployment up * Labor force participation down among younger workers * Jobs number inconsistent with other weak economic data * Layoffs are up * Government is way off on "jobs lost" data * Yesterday's trade deficit was the largest increase recorded * If our economy were strong, our workers would be producing and we would not rely on imports * Trade deficit is subtracted from the GDP * Productivity numbers weaker than expected * How many times can the dollar rally on the same news?Privacy & Opt-Out: https://redcircle.com/privacy

* Volatile day in the markets * Largest decline in Personal Spending since September 2009 * Wages and Salaries gain slowest in 7 months * December ISM Manufacturing Index down to 53.5 * December Employment growth at 7-month low * 2.6% GDP number will likely be revised downward * U.S. Factory Orders declined 3.6% in December * Oil prices triggering momentum against the dollar * The FOREX markets are beginning to acknowledge U.S. economic weakness * QE4 will accompany a budget-busting economic stimulus * S&P was the only agency penalized by the government for rating sub-prime mortgage AAA * S&P is actually being penalized for downgrading U.S. government debt Privacy & Opt-Out: https://redcircle.com/privacy

* Fed's official statement released yesterday * Received by the market as hawkish, Fed is still reiterates "patience" * The statement noted unguarded optimism about the U.S. Economy * Fed ignored unstable markets, Europe, oil prices and strength of the dollar * Response: the market sold off and the dollar rallied * Gold declined on Fed's expectations * The Fed's underlying goal may be to talk the dollar up and talk the markets down * Strong dollar buys time * Continued "patience" indicates Fed's true agendaPrivacy & Opt-Out: https://redcircle.com/privacy

* Wall Street spared blizzard only to be buried in bad earnings and bad economic news * December durable goods down 3.4%; expected to come in at +.7 * Consumer confidence up to 102.9; contrarian indicator * Last time consumers were this confident was in the middle of 2007 * Number will collapse when reality has a violent confrontation with perception * P&G earnings down 31% * Caterpillar warned * Microsoft stock down 10% today * UPS announced they overestimated holiday sales * Businesses geared up for a recovery in late 2013 that was not going to happen * Layoffs coming in 2015 * This may give the Fed an excuse to delay rate increase * How can a strong dollar be good for America but a weak euro be good for Europe?Privacy & Opt-Out: https://redcircle.com/privacy

* The President is taking credit for an economic recovery that is a bubble created by the Fed * Obama voters' salaries are much lower now than when he was elected * We have fewer full-time jobs during Obama presidency * Obama is offering freebies to the middle class, promising to tax the "wealthy" * Getting money that you didn't earn is "fair" * Higher taxes on earned money is "fair" * Capitalism built the middle class * The Government has destroyed the middle class * Obama actually claimed that he "reduced" the national debtPrivacy & Opt-Out: https://redcircle.com/privacy

* Big action from the Central Banks this week * Bank of Canada lowered rates from 1% to .75% * The ECB announced the launch of first QE program * The Euro plunged against gold * Central Banks' goal is to raise the level of inflation to guard against falling prices * Falling prices accelerate economic activity * Regulations and taxes slow down economies * QE in Europe lets the politicians escape the consequences of regulations and taxes * QE will send European money abroad * Inflation is an obstacle to economic growthPrivacy & Opt-Out: https://redcircle.com/privacy

* Biggest 7-day surge in Gold prices since 2011 * U.S. GDP will be lower than in Canada this year * Canadian gold production will rise in 2015 * Gold is rising against most currencies except the Swiss Franc * The IMF still believes the U.S. economy is recovering * Outlook for gold in Australia is also positive * The Yuan will probably be the next peg to go, allowing it to rise against the dollar * The American workforce is being rewarded for incurring large debt to engage in unproductive careersPrivacy & Opt-Out: https://redcircle.com/privacy

* Thursday, January 15, will be remembered as the day Switzerland abandoned its peg to the Euro * The Swiss defended their policy to peg to the Euro, but suddenly reversed, limiting their losses * They admitted they were wrong * Although the Swiss stock market went down in their currency, it was up in every other currency * Gold is up against everything except the Swiss franc * The news in the Swiss market will be a tremor compared to the earthquake if the Chinese abandon their peg both to the Hong Kong Dollar and the Yuan * America will win the currency war to the detriment of the American peoplePrivacy & Opt-Out: https://redcircle.com/privacy

* The Swiss people have given up the inflation ghost to win the currency war * Media reports negative on the news: "silly decision" * Oil down against the Swiss Franc * Swiss stocks up in U.S. dollars * Wall Street expects Eurozone QE, but without Swiss, QE might be less likely * Gold up against other currencies * Franc surging in value against the dollar * This move may signal economic reform * Unfortunately Janet Yellen is not going to get this memo * Volatility from Swiss move is nothing compared to consequences of a U.S. QE 4 * This move is bearish for the U.S. market * Buckle up, it's going to be a bumpy ridePrivacy & Opt-Out: https://redcircle.com/privacy

* Dow down 600 points in between Tuesday high and Wednesday low * Stock market and real estate are pillars of the phony recovery * Loose government lending standards encouraging mortgage defaults * Dollar down and gold up on low retail sales numbers * Fed not likely to sit out a U.S. recession, trading support for Wall Street over the dollar * The next QE could be bearish for bonds and the dollar * Demise of the recovery illusion will also hurt stocks * Bitcoins down on more bad news * Price does matter as investors seek value * Irredeemable digital currencies will never be moneyPrivacy & Opt-Out: https://redcircle.com/privacy

* December jobs report up; unemployment down * Average hourly earnings dropped * Labor force participation hits new low, except for older Americans * Fewer young workers supporting the Social Security system * Most credit comprised of student loans and auto loans * Auto delinquencies highest since 2008, indicating a bubble * Obama's plan to make community college free will further inflate costs * Charles Evans calls for more inflation before raising interest rates * Denies relationship between cheap money and bubbles * The term "patience" indicates no timeframe for higher rates * Gold stocks very strong and gold prices continue to rise in face of rising dollar Privacy & Opt-Out: https://redcircle.com/privacy

* World markets left the gates weak on first full trading week of the year * Catalysts: Declining oil prices and Greece's potential Eurozone exit * The Euro has gone sideways against the dollar for 9 years * The U.S. stock market will decline until the market believes rate hikes are off the table * U.S. will not experience accelerating growth in 2015 * Evidence shows the home market is not strengthening * Young entrepreneurship at a 20-year low * Falling oil prices are a symptom economy is not expandingPrivacy & Opt-Out: https://redcircle.com/privacy

* Falling unemployment trends seem to be over * PMI "unexpectedly" drops to 53.9% * Construction spending "unexpectedly" fell .3% * December ISM fell to 55.5 * Draghi's comments at ECB sparked U.S. Dollar rally despite weak data * Eurozone QE not likely * 2014 was a flat year for gold, despite bad press * Dollar price based on higher interest rate expectations * Price of gold has tripled since 2005 * Gold mining costs rise with inflation * The real bubble is the confidence in central bankers  Privacy & Opt-Out: https://redcircle.com/privacy

Christmas Snow job on Wall Street * Dow ended Christmas Eve Day above 18,000 for second day * Catalyst was bigger than expected revision to Q3 GDP to 5% * Big disconnect between economic performance and expectations * Consumer spending up mostly on healthcare * Inventory increases in expectation of future sales * Data for Q4 is lower * Home sales continue to dropPrivacy & Opt-Out: https://redcircle.com/privacy

SNB Takes Snap From The Fed And Markets Run With The Ball * Negative deposit rates in Switzerland send U.S. stocks up 420 points. * Two-day Wall Street rally over 700 points on nothing but Central Bank inflation * Swiss move triggers QE speculation and higher gold prices * Janet Yellen merely suggested the economy is strong enough to raise rates in the future * Meanwhile, economy is slowest since last FebruaryPrivacy & Opt-Out: https://redcircle.com/privacy

Yellen Bluffs Future Rate Hikes and Traders Pretend to Believe Her - Ep. 37 * FOMC wrapped up meeting with Yellen press conference * Most people expected "considerable time" to be dropped * Bloomberg believes "considerable" dropped in favor of "patience" * The Fed didn't change anything * The Fed didn't actually say anything * Markets up on Yellen's optimistic non-news * Why wait to raise interest rates? * The longer the Fed waits to raise rates, the more painful it will be for the economy * What is the Fed's strategy if economy slows down?Privacy & Opt-Out: https://redcircle.com/privacy

You Know the Bubble's About to Pop When Jim Cramer Gives Germany Economic Advice Ep. 36 * Oil and Russia viewed to be at the epicenter of this week's market chaos * Why is the oil price dropping? The market anticipates a drop in demand due to global recession * Winding down of QE triggering market instability * Economic data still pointing to weakness * Russia raised interest rates to 17% * Ruble crisis is a "dress rehearsal" for the dollar crisis * Our currency crisis will be worse because of our debt * Euro and Yen rallying * This morning gold was up, down, ended up * Volatility indicates changing trends * A recession in the U.S. means QE4Privacy & Opt-Out: https://redcircle.com/privacy

Yellen's Recovery is as real as George Costanza's Hamptons Beach House Ep. 35 * Volatile Friday followed by Monday rally trend * The stock market has rallied very high very fast with little technical support. * The gold market had its best week relative to equities. * Only a dozen markets have beaten gold this year. * Rally started with Michigan Consumer Sentiment assisted by Dodd/Frank revisions. * The dollar was mixed at Friday close. * The oil market is indicative of the Fed's movements. * The Fed's history predicts continued to support for bubbles with additional QE, despite reports to the contrary. * QE4 will be bigger than previous QE's and will precipitate higher oil prices. * The pretense that QE is over has fueled the market, but QE4 will trigger the bursting of multiple bubbles.Privacy & Opt-Out: https://redcircle.com/privacy

Was the U.S. Oil Boom Just Another Fed Inflated Bubble and is it Contained? Ep. 34 * If oil goes down to $35/barrel we will not be able to produce oil for export at that price. * It is no accident that oil prices are dropping as the Fed is ending QE. * What are the implications for the U.S. Economy if the Oil Bubble bursts? * Good jobs in the industry sector will go away. * Oil sector business loans will default * Investors will lose money. * The fallout will be bigger than the dot com bubble. * If oil was a bubble fueled by cheap Fed money, what's next? * If the collapsing oil prices threaten recession, the Fed may launch QE4. * If the Fed does not launch QE4, other bubbles will be affected.Privacy & Opt-Out: https://redcircle.com/privacy

Much Ado About Nothing and Economic-Policy Truthers Ep. 33 * Catalyst for the rally was the Retail Sales Report * Cars represent the largest part of the gain * Any slight good news is overblown * Bad news is ignored * Economy is not driven by spending * Economy is driven by savings and production * Gold stable and up on the year against the dollar * Those who question the Government's numbers are being called "Truthers"Privacy & Opt-Out: https://redcircle.com/privacy

Tax Loss Selling in Bitcoin Ep.32 * In 2014 Bitcoin was the worst-performing financial asset * Spending bitcoins triggers a taxable event * Spending or selling at a loss also reflects on your taxes * This holiday season, harvest tax losses while shopping * Write-off could exceed value of gift * You can also buy bitcoins back at a savings from original cost if you wait 30 days * Buy Gold and Silver while harvesting tax lossPrivacy & Opt-Out: https://redcircle.com/privacy

* U.S. Taxpayers will be forced to guarantee mortgages with 3% down * Qualifiers are low-income or have not owned a home for 3 years * Government is spinning this as "prudent" * Buyers have very little skin in the game * If real estate prices plummet, walking away is an easy choicePrivacy & Opt-Out: https://redcircle.com/privacy

* Stock market roller coaster ride this week * Chinese market plummets * Forex markets: Yen rallies after 7-year low * The Swiss may discourage the EU against QE * Unwarranted U.S.optimism as negative data is ignored * Gold and Silver strong despite bad press * Gold outperforming the Russel 2000 * Deficit in Manufactured Goods hit all-time high * China reports record trade surplus Privacy & Opt-Out: https://redcircle.com/privacy

* What is the goal of the "Inflation Mandate? * What is the exact number of the mandate? * If the real mandate is "less than 2%" they're already there * The European economy is expecting another QE, but I don't expect it. * How they plan QE if they don't know what they are going to buy? * Draghi cites success of U.S. QE, but the Fed has not shrunk its balance sheet. * They discussed buying all assets except gold because this would highlight failure of QE Privacy & Opt-Out: https://redcircle.com/privacy

Media Spins Horrible Holiday Sales as Reflecting Economic Strength: Ep. 28 * This holiday shoppers had more shopping hours * 5% less traffic than last year * 11% less money spent than last year * The economy can't support robust holiday sales * Despite big drop in gas prices * Privacy & Opt-Out: https://redcircle.com/privacy

Black and Blue Friday for Oil Producers and Gold Miners: Episode 27 * Oil and gold stocks down * OPEC announced no decline in oil production * Crude trading below $66/barrel * Bump to the Dollar * Mining sector takes a hit * Gold down * A no vote on Swiss Gold initiative bullish for gold Privacy & Opt-Out: https://redcircle.com/privacy

Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26 Missing expectations on all economic indicators * Chicago Fed index .14 * PMI flash services 56.3 * Dallas Fed Manufacturing 10.5 * Case Shiller Index slows down to 4.9% * Consumer Confidence number down to 88.7M * Oil prices continue to fall * Big drop in Richmond Fed 75% below estimate * Optimism fueled by debt, consumption and bubbles Privacy & Opt-Out: https://redcircle.com/privacy

The Real Outrage in Ferguson is the Reaction Not the Verdict: Episode 25A * Riots are not the caused by the Grand Jury * The Grand Jury's statement did not address Michael Brown's culpability * All evidence points to officer's innocence * Media fears addressing Michael Brown's violent behavior * Young men are not raised to respect the law * This will happen again because there is no recourse to violence and false witness<Privacy & Opt-Out: https://redcircle.com/privacy

Paul Krugman runs premature victory lap: Episode 24A * Assumes that money-printing works because there is "no inflation" * Krugman's cure for the stock market bubble was the real estate bubble * The test is when the printing presses stop Privacy & Opt-Out: https://redcircle.com/privacy

Big News out of the Central Banks * U.S. FOMC * Primary concern - inflation is too low * no policy to "correct" the problem * Preparing markets for additional stimulus * Japanese Central Bank Doublespeak * Japanese sales tax hike postponed * Continued calls for more inflation * Why is sales tax is different than inflation? * Euro Decline * Mandating "stability" by increasing inflation? * Chinese Central Bank * Cut interest rate to 5.6% * Money flows to the dollar as a hedge because the market believes the Fed * Gold has not dropped much against the dollar and has risen against other currencies  Privacy & Opt-Out: https://redcircle.com/privacy

Episode 23: Going to Extreme to Prove a Point: Two articles about Peter Schiff: * MarketWatch - writer refused to address corrections before going to print except for my official title - The point of my forecasts is to help people avoid problems ahead of time - I did not call for a stock market crash; I predicted QE4 - The Fed can prevent a Dollar Crisis - I said hyperinflation is unlikely, but a possibility * New Republic - Writer quotes selectively from a Reason article to prove his own spin - Points to the CPI to refute real inflation - The price of a Big Mac mirrored the CPI until 2002 - Now price of Big Mac rises 2x as fast as CPI - This illustrates how the government measures inflationPrivacy & Opt-Out: https://redcircle.com/privacy

Episode 22: Lessons from the Michael Brown Case: * Don't rob a convenience store. * Don't rob a convenience store while high. * Don't be conspicuous after robbing a convenience store while high. * If a policeman then stops you, obey the policeman. * Do not try to take the policeman's gun away from him. * But if you get shot in the hand going for the gun and run away, do not charge the policeman when he says, "freeze!" * The political narrative hides the real problem: unhealthy family life. Privacy & Opt-Out: https://redcircle.com/privacy

Episode 21: BoJ Seems to relieve Consumers' Struggle With Rising Prices by Creating More Inflation * Investors & Economists shocked to learn that Japan is officially in recession * Instead of a 2.1 rebound, there were back to back declines - a huge miss. * Economists cry "More Stimulus!" * Abe admits rising prices hurt the economy, contrary to inflation "Goal" * The theory that rising prices stimulate the economy is proving wrong in Japan, Russia and the U.S. Privacy & Opt-Out: https://redcircle.com/privacy